Posts Categorized: Divorce Lawyer

While you might see divorce as an end to your marriage, you should also remember it’s also a new beginning. One of the most impactful changes you’ll realize after completion of your divorce is your financial situation. After a period where you were once managing economic decisions as a team – and possibly even enjoying the fruits of two incomes – you’re now solely in control over your own fiscal destiny.   With control comes responsibility. You owe it to yourself to make smart, in...   Read more ...  

In contested divorces that involve families with minor children, a Child Representative (Child Rep), an Attorney for the Child (AC) or a Guardian Ad Litem (GAL) may be assigned at the court’s discretion to act on behalf of those children. Child Reps, ACs and GALs are licensed attorneys. Although the court assigns the representatives to the child, the parents are typically responsible for the child advocate’s fees.   Under Illinois law, there are several variations between the re...   Read more ...  

Divorce lawyers often focus a lot of attention on how divorce affects parental responsibilities. Parenting plans are one of the most important and contentious parts of divorce. However, splitting up assets is a close second. Equitable Distribution States handle divorces differently. Some states divide the assets 50/50 no matter what. This means that it does not matter what the cause for divorce was, the assets are equally divided. Illinois is an “equitable distribution” state, meaning the Co...   Read more ...  

Divorce is one of life’s most difficult transitions. You are not only breaking-up with the person you thought you’d spend the rest of your life with, but you are also probably dealing with custody and financial challenges.   As with anything in life, there will be ups and downs throughout divorce and if you are currently in a hard stage, I’ve heard many clients say that meditation helped them.   Just a quick FYI, if you read meditation and mediation, you’re not the only one. Bu...   Read more ...  

There are a few tasks you’ll need to cross off your To-Do list when you’re contemplating divorce. You’ll make considerable headway by scheduling an initial consultation with a Chicago divorce attorney. This first meeting is crucial, so you want to make the most of your time. Your lawyer will be taking the lead on the essential legal requirements, but you’ll need to do your part as well by tackling a few items to prepare for your appointment. 1. Be aware of the issues you’ll address dur...   Read more ...  

During a divorce, your financial future could depend on how you divide assets between you and your spouse. Keep in mind, this is not legal advice. However, dividing assets could affect your upcoming taxes and further effect your retirement accounts as they mature. You might even find your divorce could influence future generations. Here is a brief discussion of three phases of your financial future and the strategies you might take to secure them.   Preparing for the Upcoming Tax Year One o...   Read more ...